Octopus AIM VCT 2 plc: Publication of Prospectus: Difference between revisions
(Created page with "The Companies have today issued a prospectus relating to a proposed offer for subscription for ordinary shares of 1p each in Octopus AIM VCT plc and 0.01p each in Octopus AIM VCT 2 plc (“New Shares”) to raise up to £20 million, in aggregate, with an over allotment of up to a further £10 million, in aggregate (the “Offer”), following the approval of the prospectus from the Financial Conduct Authority. Pursuant to agreements dated 22 September 2022 relating to t...") |
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{{Cover Image|[[File:Octopus-investments-ndash-digital-platform-gm-080721084724.jpg]]}} | |||
'''Event date:''' {{Date|at 11:47:49 BST on 22th September 2022}}. | |||
The Companies have today issued a prospectus relating to a proposed offer for subscription for ordinary shares of 1p each in Octopus AIM VCT plc and 0.01p each in Octopus AIM VCT 2 plc (“New Shares”) to raise up to £20 million, in aggregate, with an over allotment of up to a further £10 million, in aggregate (the “Offer”), following the approval of the prospectus from the Financial Conduct Authority. | The Companies have today issued a prospectus relating to a proposed offer for subscription for ordinary shares of 1p each in Octopus AIM VCT plc and 0.01p each in Octopus AIM VCT 2 plc (“New Shares”) to raise up to £20 million, in aggregate, with an over allotment of up to a further £10 million, in aggregate (the “Offer”), following the approval of the prospectus from the Financial Conduct Authority. | ||
Pursuant to agreements dated 22 September 2022 relating to the Offer between the Companies and Octopus Investments Limited, the Companies’ investment manager (the “Investment Manager”), which constitute smaller related party transactions within Listing Rule 11.1.10 R, the Investment Manager will receive: | Pursuant to agreements dated 22 September 2022 relating to the Offer between the Companies and Octopus Investments Limited, the Companies’ investment manager (the “Investment Manager”), which constitute smaller related party transactions within Listing Rule 11.1.10 R, the Investment Manager will receive: | ||
an initial charge of 3% of the gross funds raised under the Offer by the Companies; and | * an initial charge of 3% of the gross funds raised under the Offer by the Companies; and | ||
a further charge of up to 2.5% of gross funds raised under the Offer by the Companies from investors who have not invested their money through a financial intermediary (“Direct Investors”); and | * a further charge of up to 2.5% of gross funds raised under the Offer by the Companies from investors who have not invested their money through a financial intermediary (“Direct Investors”); and | ||
an additional ongoing charge of 0.5% per annum of the most recently announced net asset value multiplied by the number of New Shares allotted to Direct Investors for up to nine years, provided the Direct Investors continue to hold the New Shares. | * an additional ongoing charge of 0.5% per annum of the most recently announced net asset value multiplied by the number of New Shares allotted to Direct Investors for up to nine years, provided the Direct Investors continue to hold the New Shares. | ||
The Offer is now open and will close on 5 April 2023 for the 2022/2023 tax year and on 21 September 2023 for the 2023/2024 tax year, or earlier if the Offer is fully subscribed. The boards of the Companies reserve the right to close the Offer earlier in respect of either of the above tax years. | The Offer is now open and will close on 5 April 2023 for the 2022/2023 tax year and on 21 September 2023 for the 2023/2024 tax year, or earlier if the Offer is fully subscribed. The boards of the Companies reserve the right to close the Offer earlier in respect of either of the above tax years. | ||
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Rachel Peat | Rachel Peat | ||
Octopus Company Secretarial Services Limited | |||
Tel: +44 (0)80 0316 2067. | |||
[[Category:Update]] | |||
[[Category:Equities]] | |||
[[Category:Octopus AIM VCT 2 plc]] | |||
__INDEX__ | |||
Latest revision as of 14:32, 23 September 2022
Event date: at 11:47:49 BST on 22th September 2022.
The Companies have today issued a prospectus relating to a proposed offer for subscription for ordinary shares of 1p each in Octopus AIM VCT plc and 0.01p each in Octopus AIM VCT 2 plc (“New Shares”) to raise up to £20 million, in aggregate, with an over allotment of up to a further £10 million, in aggregate (the “Offer”), following the approval of the prospectus from the Financial Conduct Authority.
Pursuant to agreements dated 22 September 2022 relating to the Offer between the Companies and Octopus Investments Limited, the Companies’ investment manager (the “Investment Manager”), which constitute smaller related party transactions within Listing Rule 11.1.10 R, the Investment Manager will receive:
- an initial charge of 3% of the gross funds raised under the Offer by the Companies; and
- a further charge of up to 2.5% of gross funds raised under the Offer by the Companies from investors who have not invested their money through a financial intermediary (“Direct Investors”); and
- an additional ongoing charge of 0.5% per annum of the most recently announced net asset value multiplied by the number of New Shares allotted to Direct Investors for up to nine years, provided the Direct Investors continue to hold the New Shares.
The Offer is now open and will close on 5 April 2023 for the 2022/2023 tax year and on 21 September 2023 for the 2023/2024 tax year, or earlier if the Offer is fully subscribed. The boards of the Companies reserve the right to close the Offer earlier in respect of either of the above tax years.
The prospectus will shortly be available for inspection at the National Storage Mechanism, which is located at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
and on the Companies' website
http://www.octopusinvestments.com
For further information please contact:
Rachel Peat
Octopus Company Secretarial Services Limited
Tel: +44 (0)80 0316 2067.